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TORONTO, July 28,
2022 /CNW/ - FRNT Financial Inc. (TSXV: FRNT) (OTCQB:
FRFLF) (FSE: XZ3) ("FRNT" or the "Company"); an institutional
capital markets and advisory platform focused on digital assets,
provides an update on the Company's treasury holdings. The Company
is pleased to announce a positive investment month in June, adding
to already positive performance for 2022.
Stéphane Ouellette, CEO & Co-Founder of FRNT Financial said:
"For the majority of 2022, crypto has turned into a minefield of
counterparty risk with few managing to escape unscathed. FRNT's
arbitrage-focused investments have been able to side-step these
collapses to date via both qualitative and quantitative risk
management techniques. From a qualitative standpoint, FRNT and its
investment partners had been vocal on the myriad of risks the
nascent Decentralized Financial Application ecosystem held for
investors (security, regulatory and structural) and neither FRNT
nor its investment partners have interacted with those platforms
materially. Our investment thesis attempts to avoid chasing returns
with likely hidden risks and favors strategies to preserve capital
through uncertain periods for deployment when genuine opportunities
present themselves. From a quantitative perspective, FRNT and its
partners require significant disclosures and proprietary
operational review before engaging with a third party. While we
remain cautious of the difficult crypto environment, we believe the
recent market stress tests have validated these methods thus
far."
About FRNT Financial
Inc.
FRNT Financial is an institutional capital markets and advisory
platform focused on digital assets. FRNT, through a
technology-forward and compliant operation, aims to bridge the
worlds of traditional and web-based finance. Partnering with both
financial institutions and crypto native firms, FRNT operates 5
synergistic business lines including deliverable trading services,
institutional structured derivative products, merchant banking,
advisory and consulting, and principal investments & trading.
Co-founded in 2018 by CEO Stéphane Ouellette, FRNT is a global firm
headquartered in Toronto,
Canada.
https://www.frnt.io
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Cautionary Note Regarding
Forward-Looking Information
This press release contains "forward-looking statements" and
"forward-looking information" within the meaning of applicable law.
Generally, forward-looking statements and forward-looking
information can be identified by the use of forward-looking
terminology such as "plans", "expects" or "does not expect", "is
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actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". All forward-looking
statements and forward-looking information are based on reasonable
assumptions that have been made by the Company as at the date of
such information. Forward-looking statements and forward-looking
information are subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking statements and forward-looking information,
including but not limited to: the general risks associated with the
speculative nature of the Company's business, current global
financial conditions, uncertainty of additional capital, price
volatility, no history of earnings, government regulation in the
industries in which the Company operates, political and economic
risk, absence of public trading market, arbitrary offering price,
dilution to the Company's common shares, dependence on key
personnel, currency fluctuations, insurance and uninsured risks,
competition, legal proceedings, conflicts of interest and lack of
dividends. Although the Company has attempted to identify important
factors that could cause actual results to differ materially from
those contained in forward-looking statements and forward-looking
information, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance
that such information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in
such statements or information. Accordingly, readers should not
place undue reliance on forward-looking statements or
forward-looking information. The Company does not undertake to
update any forward-looking statement or forward-looking information
that is included herein, except in accordance with applicable
securities laws.
SOURCE FRNT Financial Inc.